- Recent announcements on solid-state batteries (SSBs) for electric vehicles highlight their next major advancement
- This comes from mineral explorer First Tellurium (CSE:FTEL), which points to announcements from auto giants such as Toyota, Stellantis, Hyundai and Volkswagen
- The Vancouver-based company stated that SSBs can provide more efficiency and range, shorter charge times and lighter weight
- First Tellurium Corp. last traded at $0.08 per share
Recent announcements on solid-state batteries (SSBs) for electric vehicles, highlight their next major advancement.
This comes from mineral explorer First Tellurium (CSE:FTEL), which points to announcements from auto giants such as Toyota, Stellantis, Hyundai and Volkswagen.
The Vancouver-based company stated that SSBs can provide more efficiency and range (reportedly above 1,448 kilometres), shorter charge times and lighter weight. Its partner, Fenix Advanced Materials of Trail, British Columbia, a manufacturer of ultra-high purity metals, continues to advance its lithium-tellurium (LiTe) SSB developed with UBC Okanagan.
The team also emphasized that the Fenix SSB will have far higher charging capacity, much smaller size, a battery life up to 400 per cent that of lithium-ion batteries with no chance of catching fire.
“Solid-state batteries are the Holy Grail for EV Companies,” Fenix CEO Don Freschi said in a news release. “They’re far more efficient. Far safer. This is why our focus (Fenix/UBCO) has been on combining the most powerful anode and cathode materials like lithium, tellurium and sulfur, with a solid-state electrolyte.”
“Toyota’s announcement underscores our belief that solid-state batteries represent the future of widescale EV deployment,” First Tellurium’s president and CEO Tyrone Docherty added. “The advancements in efficiency and safety are game-changers, especially with respect to batteries catching fire. This is why we continue to support Fenix as they bring their lithium-tellurium battery to market.”
Toyota stated that its batteries will hit the market in 2027 or 2028, giving its EVs 1,200 km of range (greater than any gas-powered car today) with 10-minute charging times. Toyota’s longer-view plans include vehicles with a 1,500 km range and charging times of less than 10 minutes. In comparison, the best-selling EV today, the Tesla Model Y, has a maximum 530 km range and 15-minute charging with a Tesla Supercharger.
First Tellurium Corp. works to generate revenue and value through mineral discovery, project development, project generation and cooperative access.
First Tellurium Corp. last traded at $0.08 per share and is up 21.42 per cent over the past month, but down 34.61 this year.
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